ASSESSING FACTORS INFLUENCING WORK-LIFE BALANCE AMONG STUDENTS: A COMPARATIVE STUDY

Abstract

Statistics on overall satisfaction with work-life balance show an EU average of 79%. This figure is higher than average in more than half of the EU countries, including Estonia and Lithuania. In Latvia, this indicator is only 73%, thus Latvia is in the 6th place from the end among the EU countries, which confirms the need to find solutions to support a worklife balance. Objective of the paper is to characterise a work-life balance from theoretical aspect and to provide an assessment of influencing factors among students population to develop research-based conclusions and suggestions. Research hypothesis: the students' assessment of the work-life balance differs according to gender and level of study program. Methods used in the research: monographic method, statistical data analysis method (Spearman correlation test), mathematical methods (comparison, calculation of weighted averages), sociological research method (survey), graphical method of interpretation (collection of statistical data, visualization of survey data). The theoretical part is based on the research carried out and the concepts provided in various sources. The practical part consists of the analysis of the results obtained in the students� survey on the assessment of work-life balance and its influencing factors. Time-management skills were the lowest rated factor influencing work-life balance, however, they will continue to be vital in the face of rapid globalization, changes in labour market and lifelong learning. For students entering the labour market now or in the nearest future, it is crucial to develop their time-management abilities to acquire new skills and competences in accordance with the requirements of the labour market.